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MMP Industries Ltd.
(MMP)
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Rating:62Neutral
Price Target:
₹307.00
▲(12.89% Upside)
Action:Reiterated
Date:06/23/26
The score is anchored by mixed financial performance—strong sales growth but uneven profitability, rising leverage, and weak/volatile free cash flow—partly offset by constructive technical momentum (price above key moving averages with positive MACD). Valuation is moderate-to-rich with a low dividend yield, which limits upside support.
Positive Factors
Revenue Growth
Sustained double-digit top-line growth provides durable scale advantages: it supports higher production utilization in an aluminum business, funds incremental investment in capacity or product development, and helps absorb fixed costs. Over 2–6 months this trend underpins revenue resilience and strategic reinvestment capacity.
Negative Factors
Rising Leverage
A nearly fourfold increase in debt-to-equity materially raises financial risk: higher interest and principal obligations reduce flexibility, increase vulnerability to cyclical downturns, and constrain capacity to invest or weather margin pressure. Over months this makes earnings more sensitive to cash-flow swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained double-digit top-line growth provides durable scale advantages: it supports higher production utilization in an aluminum business, funds incremental investment in capacity or product development, and helps absorb fixed costs. Over 2–6 months this trend underpins revenue resilience and strategic reinvestment capacity.
Read all positive factors
MMP Industries Ltd. (MMP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.14B
Dividend Yield0.78%
Average Volume (3M)17.08K
Price to Earnings (P/E)22.9
Beta (1Y)1.52
Revenue Growth26.80%
EPS Growth-37.20%
CountryIN
Employees523
SectorGeneral
Sector StrengthN/A
IndustryAluminum
Share Statistics
EPS (TTM)12.21
Shares Outstanding25,402,613
10 Day Avg. Volume16,142
30 Day Avg. Volume17,078
Financial Highlights & Ratios
PEG Ratio-0.77
Price to Book (P/B)1.39
Price to Sales (P/S)0.58
P/FCF Ratio116.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MMP Industries Ltd. Business Overview & Revenue Model
Company Description
MMP Industries Limited, founded in Nagpur, India, in 1973, is a prominent manufacturer and supplier of aluminum-based products within India and internationally. The company organizes its operations into key divisions: Aluminium Powder and Pastes, ...
How the Company Makes Money
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MMP Industries Ltd. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
62
Positive
Cash Flow
42
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.24B | 6.92B | 5.78B | 5.38B | 4.48B |
| Gross Profit | 1.68B | 1.03B | 503.07M | 811.86M | 824.01M |
| EBITDA | 647.38M | 648.73M | 475.61M | 358.51M | 424.04M |
| Net Income | 310.09M | 388.75M | 316.40M | 213.21M | 289.86M |
Balance Sheet | |||||
| Total Assets | 6.25B | 5.49B | 4.35B | 3.58B | 3.35B |
| Cash, Cash Equivalents and Short-Term Investments | 113.08M | 109.81M | 3.72M | 20.45M | 2.29M |
| Total Debt | 1.85B | 1.56B | 932.24M | 575.63M | 521.50M |
| Total Liabilities | 2.78B | 2.26B | 1.46B | 1.01B | 971.71M |
| Stockholders Equity | 3.47B | 3.23B | 2.89B | 2.57B | 2.38B |
Cash Flow | |||||
| Free Cash Flow | 41.41M | -495.33M | -8.89M | 23.36M | -309.60M |
| Operating Cash Flow | 532.90M | 24.91M | 427.50M | 328.33M | 189.64M |
| Investing Cash Flow | -549.00M | -511.31M | -417.35M | -238.40M | -194.88M |
| Financing Cash Flow | -73.77M | 47.63M | -26.74M | -71.86M | 3.59M |
MMP Industries Ltd. Technical Analysis
Positive
271.95
Price Trends
275.95
Positive
255.26
Positive
258.45
Positive
Market Momentum
2.97
Negative
53.14
Neutral
51.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MMP, the sentiment is Positive. The current price of 271.95 is below the 20-day moving average (MA) of 277.21, below the 50-day MA of 275.95, and above the 200-day MA of 258.45, indicating a bullish trend. The MACD of 2.97 indicates Negative momentum. The RSI at 53.14 is Neutral, neither overbought nor oversold. The STOCH value of 51.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MMP.
MMP Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹670.00B | 11.45 | ― | 3.62% | 6.29% | 10.05% | |
62 Neutral | ₹7.14B | 22.94 | ― | 0.78% | 26.80% | -37.20% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹1.50B | 13.74 | ― | ― | 10.97% | 10.58% | |
52 Neutral | ₹2.41B | 31.92 | ― | 0.28% | 10.76% | 24.60% | |
51 Neutral | ₹953.46M | 21.53 | ― | ― | -1.26% | 91.70% | |
48 Neutral | ₹7.12B | 49.71 | ― | ― | -0.18% | -16.84% |
* General Sector Average
IN:MMP
MMP Industries Ltd.
280.05
-3.21
-1.13%
IN:CENTEXT
Century Extrusions Ltd
19.00
-4.12
-17.82%
IN:GOYALALUM
Goyal Aluminiums Limited
6.69
-1.32
-16.48%
IN:MAANALU
Maan Aluminium Limited
118.30
-0.70
-0.59%
IN:MANAKALUCO
Manaksia Aluminium Company Ltd
36.88
10.46
39.59%
IN:NATIONALUM
National Aluminium Co. Ltd.
361.45
181.57
100.94%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.